Nursing home occupancy continues to slowly improve, a trend that along with higher reimbursement rates going forward, will improve the bottom line for Sabra Healthcare REIT (Nasdaq: SBRA), according to executives. Rick Matros, CEO of Sabra, said during the company’s second quarter earnings call on Tuesday that he expects a large increase to next year’s […]
Investments for CareTrust REIT (NYSE: CTRE) proceeded at a steady pace in the second quarter of 2023, and there’s still room for more growth backed by sufficient capital on hand. “We are going into the second half of the year with ample dry powder to continue to grow the business and set up the company […]
Labor costs and interest rates, among other macroeconomic factors, continue to affect the nursing home industry as use of temporary staff and AI also appear to be exerting an influence. That’s according to CliftonLarsonAllen’s (CLA) economic outlook for 2023, which outlined industry priorities for the next couple of years. Containing labor costs in part by […]
Omega Healthcare Investors’ (NYSE: OHI) robust financial results for the second quarter rested on better occupancy levels, higher state reimbursements and improvements in the labor market even though use of agency workers still remains high, company executives said on Thursday. During its second quarter conference call, the Maryland-based real estate investment trust (REIT) also reported […]
The Ensign Group (Nasdaq: ENSG) announced Wednesday that it has acquired Rehabilitation and Nursing Center of the Rockies to further strengthen its position in the skilled nursing and senior living sector in Colorado. The facility, a 96-bed skilled nursing facility based in Fort Collins, Colo., was acquired along with its operations and real estate by […]
Welltower (NYSE: WELL) executives said Tuesday that its skilled nursing facilities undergoing a change of hands to new operators have gone from losing money to making profits during the course of the second quarter. CIO Nikhil Chaudhri said during Welltower’s conference call that out of 147 skilled nursing buildings that were being transitioned over to […]
Nursing home operators can expect a long comment period once the federal minimum staffing mandate comes out, potentially drawing out into the following year before anything is finalized. Barry Port, CEO of the Ensign Group (Nasdaq: ENSG), said during the company’s second quarter conference call on Friday, that this is the tiniest bit of clarity […]
Executives for LTC Properties (NYSE: LTC) said Friday that the company’s focus on skilled nursing assets has yielded promising results, demonstrating a steady progress in the overall industry recovery, even as occupancy levels are making a slow grind back to pre-pandemic levels. “The increase in occupancy rate has been decelerating,” CEO Wendy Simpson said during […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) is making a $5 million fund available to the many skilled nursing operators in its triple-net lease portfolio, to help facilitate green projects. The real estate investment trust detailed these plans Monday in its third annual sustainability report. The California-based REIT also highlighted other dedicated programs, policies, and […]
Leaders at nursing homes could create long-term value for their organizations if they adopted a population health focus, empowered local leaders and pursued actively value-based purchasing models. That’s according to a report published by CliftonLarsonAllen (CLA) earlier this month. In an industry facing seismic changes, SNF operators should seize strategic opportunities, empower local leadership, and […]
North Shore Manor Inc. in Loveland, Colo. is awaiting approval for a proposed five-year repayment and reorganization Chap. 11 bankruptcy plan submitted to the U.S. Bankruptcy Court in Denver. Majority stakeholders of the 120-bed nursing home said they could repay the majority of obligations and shore up operations over five years, according to a report […]
Laguna Hills, Calif.-based Summit Healthcare REIT has promoted CFO Elizabeth Pagliarini to the role of CEO, the company announced on Tuesday. Pagliarini took on the role as of July 15, Summit’s Board of Directors said in a press release. The role was previously filled by Kent Eikanas, who resigned from his position on July 14, […]
Ahead of the federal nursing home minimum staffing ratio proposal, a KFF analysis released Friday suggests that less than a third of the nation’s nursing homes would even come close to meeting forthcoming minimum staffing requirements. The analysis from KFF found nearly all facilities would meet a 2.5 or fewer hour per resident day (HPRD) […]
Skilled Nursing capitalization rates are expected to decline by 34 basis points compared to the previous year, according to the CBRE’s Seniors Housing & Care Investor Survey. This year, the survey conducted by the commercial real estate services and investment company polled a more select group of seniors housing investors, developers, lenders and brokers in […]
Invesque Inc. (TSX: IVQ.U) announced today the sale of the final skilled nursing facility from a portfolio of eight assets previously leased to Symphony Care Network. The company had already sold seven of the assets on June 1, 2023. The remaining asset was sold on July 1, 2023, for a total of $19.7 million, concluding […]
As nursing home operators increasingly seek to offer specialized care programs for particular conditions — and as they prepare for coming Minimum Data Set (MDS) changes — their approach to diabetes could present multiple pathways for improvement. There are actionable opportunities for operators to improve diabetes care for residents, although organizations may be hesitant to […]
CareTrust REIT Inc. (NYSE: CTRE) announced that it recently concluded two separate transactions on the West Coast, totaling an initial investment amount of approximately $45.2 million, involving the purchase of a skilled nursing facility and the provision of a mortgage loan secured by a California-based skilled nursing, assisted living, and independent living campus. On June […]
A Medicare Advantage bundled payment model for hip and knee replacements offered by Humana (NYSE: HUM) was associated with reduced skilled nursing facility use. These bundled payments were also linked to reduced spending overall for lower extremity joint replacements (LEJR) – while maintaining quality of care, according to a study published in JAMA Network. Of […]
AdventHealth completes SNF exit Blueprint facilitated the completion of the sale of the wholly-owned skilled nursing portfolio of AdventHealth, a faith-based, nonprofit health system with headquarters in Altamonte Springs, Florida. The AdventHealth Care Centers portfolio included seven locations with 833 total licensed beds. According to Blueprint, nearly all facilities were 4 and 5-star CMS rated, […]
Mergers & acquisitions activity is expected to remain “exorbitant,” and “voluminous” in the second half of the year for the nursing home industry despite higher interest rates, with transfer times slowed slightly by state regulations. This is the view held by industry brokers who spoke to Skilled Nursing News on the state of current deal […]
By continuing to use the site, you agree to the use of cookies. More Information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, see our cookie policy.
